Land Securities Group Plc (OTCMKTS:LDSCY) Short Interest Up 62.6% in January

Land Securities Group Plc (OTCMKTS:LDSCY) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 182,683 shares, an increase of 62.6% from the January 15th total of 112,343 shares. Based on an average daily trading volume, of 120,557 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily trading volume, of 120,557 shares, the days-to-cover ratio is currently 1.5 days.

Land Securities Group Stock Performance

Shares of LDSCY stock traded down $0.15 during mid-day trading on Friday, reaching $8.86. 87,501 shares of the stock traded hands, compared to its average volume of 62,503. Land Securities Group has a 1-year low of $6.34 and a 1-year high of $9.49. The stock’s fifty day simple moving average is $8.61 and its two-hundred day simple moving average is $8.21.

Land Securities Group Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, January 26th. Stockholders of record on Monday, December 1st were issued a $0.0069 dividend. This represents a dividend yield of 412.0%. The ex-dividend date was Friday, November 28th.

Analyst Ratings Changes

Separately, Panmure Gordon cut Land Securities Group to a “hold” rating in a research report on Thursday, January 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About Land Securities Group

Land Securities Group plc, commonly known as Landsec, is a leading UK-based real estate investment trust focused on commercial property development, investment and management. The company’s portfolio spans retail destinations, office buildings, leisure complexes and mixed-use urban schemes. Landsec leverages its in-house expertise in asset management, leasing and property operations to optimize occupancy and enhance the customer experience across its holdings.

Landsec’s core activities include the development of purpose-built office spaces designed to meet evolving tenant requirements, the repositioning of underperforming retail assets and the creation of destination leisure and entertainment districts.